Two firms compete as a duopoly. The demand they face is P = 100 – 3Q. The cost function for each firm is C(Q) = 4Q.
Te ~CCQ )=40MC 2 TCCommCoumotpuigduopoly hunch’m into fiu demand finetimwell levep = 100 – Con t 92 2Let’sde bne TR. = Of . = 4 Crav -(4,+9 2) =TR, = 1009- 912 – 41 92MR. 2MY1 400 -2971…
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